We draft the 2010-11 season (hopefully completed around MLK day in mid-Jan)
We progress to 2011-12 and do a 2nd draft around mid-March. Have maybe 8 keepers.
Then around mid-June we progress the player pool to the NBA season that is going on now and have our 3rd and final draft.

Would want the full 3-seasons for all owners. Will provide more thoughts on the rules and formats later, but wanted to see how many people are interested first.

Season 1 draft would go 1-24 in round 1 then 24 to 1 for ALL remaing rounds. Draft would be 10 rounds with 3 players selected in round #10. Seasons 2 and 3 would be based on previous seasons records going 1-24 for all rounds.. The draft order for round 1 would be determined by the 60-game mark standings for the lottery teams. Round one for playoff teams and all rounds after the first for all teams would be based on full season standings. Draft would start during the playoffs to reduce the wait between seasons. First SIX spots in lottery would be based on weighted draw like the NBA with other six determined by game 60 standings.

8 keeper players max from season to season, that way teams could keep the majority of their rotations intact yet the draft would include not only rookies but also a few useful role players. NO trades during initial draft, but can be made after season one is complete subject to veto. Initial draft order set by random draw with teams being able to select closer to 1, closer to 24, or closer to 13 for season 1 draft position. Would use NY keno type draw to assign selection slots for year 1.